Global investor Actis to acquire controlling stake in solar energy provider Yellow Door Energy

MEA – Actis, a global investor in sustainable infrastructure, is set to acquire a controlling stake in the distributed commercial and industrial (C&I) solar platform, Yellow Door Energy Limited (YDE). YDE’s platform is in the Middle East and Africa region with around 200MW of secured production capacity. Closing of the transaction remains subject to obtaining the relevant regulatory approvals. YDE…

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Amea Power set to build 30MWp solar photovoltaic plant in Djibouti

DJIBOUTI – UAE-based independent power producer (IPP) Amea Power has signed agreements to build a 30 MWp solar photovoltaic plant in Djibouti. This will be done in the framework of a public-private partnership (PPP). The agreement for the implementation and joint development of the project was signed on Monday, July 18, 2022, between the managers of Amea Power and Yonis…

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BII partners Standard Bank for battery storage and solar projects in South Africa

SOUTH AFRICA – British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has partnered with Standard Bank and H1 Holdings to successfully reach financial close on the first sizable battery energy storage and photovoltaic (PV) solar project in South Africa. The partners are investing to back three unique Kenhardt projects, powered entirely by renewable sources. The…

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Elsewedy Electric secures US$150m loan from IFC to increase renewable energy access

EGYPT – The International Finance Corporation (IFC), alongside First Abu Dhabi Bank and Europe Arab Bank, have extended a US$150 million loan to Egyptian electrical components manufacturer, Elsewedy Electric. Elsewedy will use the loan to support its expansion, modernization, and enhancement of their sustainable manufacturing operations. According to the IFC, the finance will help increase access to renewable energy in…

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Kenyan Government to pilot green hydrogen production, improving the country’s grid

KENYA – The Government of Kenya has announced, through the Energy Cabinet Secretary Monica Juma, plans to pilot green hydrogen projects. This is part of their efforts toward the provision of clean, affordable and sustainable energy. Juma, who spoke during the Kenya Power’s inaugural Manufacturers, Technology and Innovation Expo opening, said the move will assess the feasibility of large-scale green…

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Infinity Group, AFC acquire renewable energy IPP Lekela platform from Actis

AFRICA – Actis, a global investor in sustainable infrastructure, and the global wind and solar company, Mainstream Renewable Power have signed an agreement to sell the Lekela platform to Infinity Group and AFC, subject to regulatory approvals and customary closing conditions. Established in 2015 to deliver clean, reliable energy across Africa, Lekela has become the African continent’s largest pure play…

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CrossBoundary Energy secures US$40m investment to expand its portfolio

AFRICA – CrossBoundary Energy (CBE), a leading developer, owner, and operator of commercial and industrial renewable energy systems in Africa, has announced completion of a US$40 million equity investment. This commitment will allow CrossBoundary Energy to further scale its investments in renewable energy solutions for commercial and industrial businesses (C&I) across Africa. The investment was from Norfund, the Norwegian Investment…

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SolarX partners Schneider Electric to combine their businesses for prospective clients

AFRICA – SolarX, a provider of clean and efficient solar solutions, and Schneider Electric (SE), a global specialist in energy management and automation, have announced that they have entered into a geographically focused strategic partnership. The partnership will combine Schneider Electric’s world class technological offering and vast global footprint in Francophone Africa with SolarX’s solid local expertise, EPC capabilities and…

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CFAO Kenya invests in OFGEN to expand use of renewable energy in Africa

KENYA – CFAO Kenya Limited, a subsidiary of CFAO group (Corporation for Africa and Overseas), has announces an investment in OFGEN Limited, a leader of solar PV installation for commercial and industrial use in East Africa. CFAO Kenya has worked with OFGEN Limited since 2018 to solarize CFAO Group owned premises within Kenya and Uganda. CFAO group will continue to…

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Minigrid energy sector grows in Africa despite government bias towards centralised grid

AFRICA – Africa’s minigrids sector has doubled the number of people it connected to modern and reliable electricity in the last two years amidst the COVID-19 pandemic. Today, more than 500,000 people, healthcare facilities schools and businesses in sub-Saharan Africa can access stable electricity thanks to minigrids. This is according to the Africa Minigrid Developers Association’s (AMDA) second edition of…

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